Do You Ever Do Craigslist Deals?

Thought I'd revive this thread on purchasing silver on Craigslist rather than starting a new one. Not that I'd ever consider buying on this type of site, too risky in my opinion. However I have a theoretical question that I've been pondering.

Under the Ohio revised code anyone advertising themselves as a buyer of precious metals must have a precious metals license. Otherwise they could face some serious charges/fines. I wonder if those buying regularly on Craigslist are technically supposed to be licensed? There is a collector exemption in the legislation, but I think that the burden of proof would be on yourself to prove that you are no buying these items with intent of resale.

I buy and sell on CL a lot. I had two people who asked about my home security so I got a store days later. Now 2 years later I'm closing my store to lighten my load. Back to CL I go. Ugh.

You think buying silver is bad on CL? Try baseball cards. You will get numerous emails about their junk wax they bought in the 80's/90's. Bought from warehouses like Costco, and think they have millions because it's "old". On top of that everything is "mint" in their eyes since there's no bullet holes.

Few times I bought gold/silver I bring a partner.
I know many Cl users are flakes.
I request pics ahead of time. Many pics to verify they own the items, allow me to research and know about how much money to bring.
Bring weapons, public place and money is stashed in sections. Different pockets, under seat ect.
I acid test/weight when needed.
I always make the deal before I agree to meet so I don't waste my time. Many CL users have unrealistic expectations and don't understand ebay asking price vs. selling price.

I've done hundreds of Craigslist buys and sells. So far (knock on wood), I've yet to encounter any problems. I easily back out of deals if red flags go off. I trust my hunch as there's always another deal to be had. Getting stabbed over $40 is not worth it.


Here's what my CL ad looks like-

I buy Silver. Over Spot. In bulk. I will not drive across town to buy your one dime.

I buy silver. 90% coins and .999 bars/rounds. Some older bars will carry a premium.

No 40% coins or nickels or silverware.

Prices Paid-
Silver Dime $1.05-$1.10 each
Silver Quarter $2.75-$3.00 each
1892-1964 Half Dollar $5.25-$6.00 each
Morgan dollar $12.00-$15.00 each
Peace dollar $12.00-$15.00 each
1986-2015 Silver Eagle $14.25-$15.00 each

Even with my prices paid posted, one guy recently said "I have a dime how much?" THAT forced me to revise my ad with the dime mention.

I agree with the last poster. No such thing as a Craigslist 'deal'. In my seven years of watching, all I've seen is mis-represented, over priced junk. Well, wait, I once sold several rolls of 40% Kennedy halves priced close to 30% below spot, back when silver was really climbing. They sat there for weeks before I received a single inquiry. Ok, someone got a deal - just not me.

I bought 100 morgans off Craigslist about 2yrs ago for $20 per. I was in my collecting infancy and didn't check them out over a visual inspection (but what did I really know) thankfully it was a great deal and I made about a grand on it. Haven't done anything like that on Craigslist since though

Oh and I didn't take the cash. I checked them out and negotiated then when the deal was done he drove with me with the coins in his hand while his wife followed us to the bank. We locked the coins in my car and both went in. I handed him the envelope and went off on my merry way

Thats an easy fix crazyglue. Go get a po or pmb box and change the address on your ebay account to it.

I check out CL from time to time.

But have never seen any coins that were priced good

I sold a antique shotgun to a guy on craigslist.
it was a old pump action, built in the early 60's.

anyway, I met up with him in the local police dept. parking lot.

i did go in and tell the cops what I was doing, first. :)